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According to data from IntoTheBlock, over 350,000 ETH was withdrawn from exchange platforms on February 3rd. Whales capitalized on the downtrend to increase their holdings. Meanwhile, war is brewing between Dogecoin (DOGE) and a new entrant called IntelMarkets (INTL).
IntelMarkets' new-generation AI trading bots and 810% growth make it the next favorite among smart investors. Its lower market cap also makes it a top crypto to buy over DOGE. INTL's price is expected to skyrocket by 10x in the coming months.
CoinMarketCap data reveals the price of Dogecoin (DOGE) has been consolidating between $0.2237 and $0.3398 in the past week. The memecoin has been battling with huge sell offs from investors who are jumping to more promising projects.
Besides, the price of the Dogecoin token has dipped by 18.3% and 28.9% on the weekly and monthly timeframes. Nevertheless, analysts like Trader Tardigrade believe an upsurge is coming. The analyst took to X recently to analyze the Dogecoin price chart.
According to him, the memecoin is bouncing in a ping pong style. Also, the relative strength index has been shifting between oversold and overbought areas. The price chart accompanying the tweet shows the Dogecoin cryptocurrency is currently in the red zone.
Trader Tardigrade forecasts its value could soar to $0.4 in the coming weeks. Technical indicators such as the Hull Moving Average (9) support this potential uptrend.
Over the past week, the value of Ethereum (ETH) has been trading between $2,460.55 and $3,422.19 on the weekly timeframe. The Ethereum coin is among the altcoins that have been trading sideways since the beginning of this year. However, this might end soon. Dara from IntoTheBlock reveals that over 350k ETH was withdrawn from exchanges on Monday.
Interestingly, this is the highest number of withdrawals in a single day since the beginning of this year. It appears whales took advantage of ETH's price dip to increase their holdings. Looking ahead, the Ethereum crypto price might skyrocket soon.
Trader Tardigrade compared the current movement of the altcoin to that of 2020 noting some similarities. According to him, the Ethereum token has been trading above an ascending trendline. Trader Tardigrade forecasts the price of the altcoin might pump to $7k soon if it maintains this level.
IntelMarkets (INTL) is not only another project; it is a revolution in the trading industry that aims to provide equal opportunities for retail traders. No more costly trading platforms and complicated trading techniques, IntelMarkets is introducing AI trading tools to the world of cryptocurrency trading.
At the center of this revolution is Rodeum AI bots that can mirror each trader's behavior and strategies. Unlike other bots, Rodeum adapts to every trade and market change which makes it possible to make the right decisions based on the data.
IntelMarkets also comes with a two-chain solution that incorporates Solana and Ethereum, where Solana is fast and cheap, while Ethereum is secure and supports smart contracts. As of now, IntelMarkets is in the ninth stage of the presale and has already collected more than $8 million; the INTL token is at $0.082455, which is a good start for those who want to be part of the AI trading future.
Meanwhile, INTL token holders are privileged to enjoy exclusive trading privileges, staking, and voting rights as IntelMarkets’ ecosystem expands. Based on the AI tools, and presale success, IntelMarkets could be one of the best projects in the market.
As the Ethereum (ETH) whales move millions, investors' attention is on IntelMarkets (INTL). The uniqueness of its AI technology and the $8M+ raised in presale make it a possible 10x coin. Investors who are looking for the best crypto to buy should consider IntelMarkets before the presale is over.
Presale: https://intelmarkets.io/
Telegram: https://t.me/IntelMarketsOfficial
Twitter: https://x.com/intel_markets
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Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.
